I've been a business reporter for a while. I've covered Wall Street, venture capital and now private equity. I'm always looking for a scoop or something to talk about. I'm the eternal optimist and am still waiting for the Chicago Cubs to win the World Series. Yes, I believe.
One Equity Partners has sold Duropack Group to DS Smith. The deal was valued at 300 million euros (US$339 million). Vienna-based Duropack makes paper and corrugated board in Central, East and South Eastern Europe. The company employs around 2,600 people and generated sales of 273 million euros and EBITDA of 41 million euros in 2014.
3 min read · 23 February 2015
Moneta Ventures said Thursday it has closed its first fund at $25 million, more than its original target of $10 million to $12 million. The firm also said that Kevin Nagle, lead investor of the Sacramento Republic FC soccer team, has joined the Moneta Ventures Investment Board. Folsom, Calif.-based Moneta invests in early-mid stage companies in sectors including software and cloud services.
2 min read · 19 February 2015
Excellere Partners has closed its sale of U.S. Water Services to Allete. The enterprise value of the deal, which was announced in January, was $194 million. St. Michael, Minnesota-based U.S. Water provides water treatment services.
3 min read · 19 February 2015
VirMedica, which is backed by Petra Capital Partners, said Thursday it has acquired TransEngen. Petra and HealthQuest Capital led the $15 million financing for the deal. Shelton, Connecticut-based TransEngen provides technology that automates the benefits verification process for specialty products.
4 min read · 19 February 2015
17hats said Wednesday it has raised a $1.25 million seed round led by Wavemaker Partners. Pasadena, California-based 17hats provides a business management app for solopreneurs.
3 min read · 19 February 2015
NewSpring Capital said Wednesday it has agreed to buy X5 Solutions. Financial terms weren’t announced. Seattle-based X5 provides telecommunication software.
2 min read · 19 February 2015
Lynx Equity Limited said it has acquired Kitchen Creations Inc. Financial terms weren’t announced. New Brunswick, Canada-based Kitchen Creations makes, designs and installs kitchen and bath cabinets.
2 min read · 19 February 2015
Francisco Partners has invested more than $100 million in K2. Bellevue, Washington-based K2 provides business application software. Jefferies provided financial advice to K2.
3 min read · 19 February 2015
BookingPal said Wednesday that it has completed a $5 million Series B financing led by Thayer Ventures. New investors PAR Capital Ventures and Amadeus Ventures took part in the round, while early investors Camp One Ventures and Plug and Play Ventures also participated. Irvine, California-based BookingPal is a cloud based travel technology company. BookingPal has received $7.5 million in total funding.
4 min read · 18 February 2015
The Audax Group has invested in Corepoint Health. Financial terms weren’t announced. Frisco, Texas-based Corepoint provides software that aims to simplify the integration and exchange of health data for hospitals, radiology centers, laboratories, and clinics.
2 min read · 18 February 2015
